Quantcast
Home / Opinion Digests / Surety Did Not Make ‘Gift’ to Borrower (access required)

Surety Did Not Make ‘Gift’ to Borrower (access required)

Appellant, who deposited a $50,000 certificate of deposit with a bank as collateral for a guaranty to assist his former romantic partner in obtaining a loan for her business, did not make a gift to the former partner; the Supreme Court of Virginia reverses a circuit court holding that appellant, as an accommodation guarantor of ...